Since 2015, the Group’s strategy has been focused on sustainability and fighting climate change, placing profitability and sustainable progress on the same virtuous track. Enel’s commitment initially translated into a desire to contribute to the achievement of the Sustainable Development Goals (SDGs) launched by the United Nations Organization (UN), but in recent years it has expanded this orientation further, seeking to act as an enabling factor in the general context of the fight against climate change and the energy transition.
With these assumptions, the definition of the strategy has gradually been increasingly closely tied to the scenarios developed by the Group. The various transition trajectories hypothesized for the countries in which Enel operates, as well as the climate scenarios, represent one of the fundamental pillars of defining the strategic actions necessary to achieve these ambitious long-term objectives.
Long-term scenarios need to be accompanied by an equally careful and consistent analysis of the context and the short-term evolution of energy and macroeconomic variables. If the medium-long term goal is, in Enel’s vision, anchored to the achievement of the Paris objectives on containing climate change, the starting point of each strategic planning cycle has turned out to be changeable over the years, strongly influenced by the disruptions they have characterized the recent past. Unexpected events such as the onset of the COVID-19 pandemic or the outbreak of the Russia-Ukraine conflict have had a substantial impact on the environment in which the Group operates and prompted a series of managerial actions to restore the proper trajectory and achieve goals we have set for ourselves.
The support lent by the definition of the scenarios also underpins the Strategic Dialogue process which, as will be explored later, represents the incubator in which the Group develops and analyzes the most relevant strategic issues every year, with the aim of updating and adapting our positioning and business models